Knowledge Hub

The hospice industry plays a critical role in the U.S. healthcare system, providing compassionate, end-of-life care to patients with terminal illnesses. Hospice services include pain management, symptom relief, counseling, and support for both patients and their families. The industry is heavily regulated and deeply influenced by reimbursement policy, but it continues to be a highly active sector for M&A, driven by demographic tailwinds and the ongoing aging of the U.S. popul

The diagnostic imaging center industry is a critical component of the healthcare sector, providing essential services for the detection, diagnosis, and monitoring of various medical conditions. These facilities utilize advanced imaging technologies such as X-rays, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, and Positron Emission Tomography (PET) to produce detailed images of the body’s internal structures. M&A activity in this sector has remained s

The addiction treatment industry is a vital and rapidly evolving segment of the behavioral healthcare market, focused on the diagnosis and treatment of substance use disorders (SUDs), including alcohol, opioids, stimulants, and other drugs. Services range from detoxification and inpatient rehabilitation to outpatient therapy and medication-assisted treatment (MAT). M&A activity in the sector is driven by private equity interest in scalable treatment platforms, especially thos

The dermatology industry has been a hotbed of M&A activity for a decade now, driven by strong cash flow, predictable patient demand, and a balanced mix of medical and elective services. Private equity firms and strategic buyers are actively consolidating the space, targeting practices with multiple providers, ancillary revenue streams, and scalable operations. As competition increases, well-managed dermatology groups with diversified services and payer stability are commandin

Primary care serves as the cornerstone of the healthcare system, providing essential, first-contact medical services to individuals and families across a wide range of demographics. The industry is undergoing rapid transformation, with strong M&A activity fueled by shifting payment models, value-based care initiatives, and the strategic importance of primary care in population health management. Private equity, health systems, and payers are actively acquiring or partnering w

The ambulatory surgery center (ASC) industry has experienced steady growth driven by the shift of procedures from inpatient hospitals to lower-cost outpatient settings, supported by advancements in minimally invasive surgical techniques and favorable reimbursement trends. In the M&A landscape, ASCs are highly attractive to private equity firms and strategic healthcare buyers due to their scalable business models, high margins, and potential for consolidating fragmented market

Urgent Care Centers (UCCs) stand out from other healthcare service providers for their low cost, convenience, and alignment with emerging population health strategies. Valuing an urgent care center requires more than just applying a standard EBITDA multiple—it involves understanding the unique dynamics of walk-in care, including reimbursement trends, patient volumes, and provider staffing models. As the U.S. healthcare system continues to shift toward value-based care and pri

The healthcare revenue cycle management (RCM) industry continues to attract strong M&A interest as providers seek to improve financial performance and navigate increasingly complex billing and regulatory environments. Buyers (particularly private equity firms and technology-enabled platforms) are pursuing RCM firms with scalable tech infrastructure, end-to-end service capabilities, and strong client retention. Valuations are highest for companies with recurring revenue, eleva

As the U.S. healthcare system continues to shift toward value-based care, musculoskeletal and rehabilitative services are playing a more central role in improving outcomes and lowering costs. Among these services, physical therapy (PT) practices stand out for their scalability, recurring revenue models, and alignment with emerging population health strategies. This has made them attractive targets for private equity firms, strategic consolidators, and health systems—fueling d

Although it has slowed in recent years, the durable medical equipment (DME) or home medical equipment (HME) industry remains an active segment for M&A, driven by an aging population, the shift to home-based care, and ongoing demand for chronic disease management solutions. Strategic buyers and private equity firms are targeting DME providers with strong payer relationships, efficient logistics, and diversified product offerings. Companies that can demonstrate scale, complianc

Orthopedic practices occupy a distinctive position in the healthcare valuation landscape. The specialty spans an unusually broad clinical and economic spectrum; from office-based evaluation and management visits and nonsurgical musculoskeletal care to high-acuity total joint arthroplasty, complex spinal surgery, and sports medicine procedures performed across multiple sites of service. This breadth of service mix, combined with heavy capital investment in implants, robotics,

What Is a Behavioral Health Valuation? A behavioral health valuation is the process of determining the fair market value of a behavioral health business, which include mental health practices, substance use disorder (SUD) treatment programs, intellectual and developmental disability (IDD) service providers, and autism service organizations. Conducted by qualified healthcare valuation professionals, these appraisals are used in mergers and acquisitions (M&A), regulatory compli

The infusion therapy industry is experiencing strong growth due to increasing demand for specialty biologics, chronic disease management, and a continued shift toward lower-cost outpatient and home-based care settings. M&A activity has accelerated as private equity firms and strategic buyers seek scalable platforms with specialty pharmacy integration, in-network payer contracts, and strong referral pipelines. Valuations tend to be highest for providers offering a broad therap

The healthcare staffing industry connects medical facilities with skilled professionals to meet temporary and permanent staffing needs across a variety of roles. The sector includes traditional healthcare staffing services like travel nursing, per diem staffing, and locum tenens, but also includes a variety of firms focused on specialty staffing and outsourced niche services. The industry generally plays a critical role in addressing labor shortages, fluctuating patient deman

Ophthalmology practices represent one of the most active segments in physician practice M&A, driven by favorable demographics, strong procedural revenue, and ancillary service opportunities that generate stable cash flows. Practices range from small general ophthalmology offices focused on medical eye care and routine vision services to large surgical platforms performing high volumes of cataract surgery, refractive procedures, and retinal treatments, often with in-office ASC

Valuations of physician practices sit at the intersection of healthcare economics, regulatory compliance, and transaction structuring. Whether you are a physician owner preparing for a sale, a private equity sponsor evaluating a platform acquisition, or a hospital system building out a physician enterprise, understanding how practices are valued (and what moves the needle) is essential. Physician practice valuations are driven by a combination of reimbursement dynamics, physi

Understanding the value of a practice is essential when planning for growth, partnership, or long-term succession. Cardiology practices range from independent general and interventional groups to fully integrated cardiovascular centers with advanced imaging and procedural services, each carrying distinct financial and operational considerations. This guide outlines the primary valuation methods used in 2026, including earnings-based and market-based approaches, while explaini

Valuing an otolaryngology practice requires a sophisticated understanding of the clinical service mix, physician economics, and market forces shaping today’s specialty care environment. This guide outlines the primary valuation approaches and examines how they apply across ear, nose, and throat (ENT) practice models of varying scale and complexity. The specializations within a practice often changes the value drivers and risk considerations (i.e. general otolaryngology, incor

The med spa and aesthetic medicine industry is rapidly expanding, fueled by rising consumer demand for non-invasive cosmetic procedures and a growing emphasis on wellness and self-care. This highly fragmented market has attracted increasing interest from private equity firms and strategic consolidators seeking to build scalable, branded platforms. M&A activity is driven by factors such as provider reputation, treatment mix, recurring revenue models, and geographic footprint,

Gastroenterology continues to be an attractive specialty for M&A activity, driven by the procedural and somewhat recurring nature of endoscopy. Private equity firms and strategic buyers are actively consolidating the space, targeting practices with multiple providers, ancillary revenue streams, and scalable operations. As competition increases, well-managed GI groups with diversified services and payer stability are commanding premium valuations in today’s market, while smal